The upward-sloping portion of the perfectly competitive firm's average variable cost curve is the firm's short run supply curve.
Answer the following statement true (T) or false (F)
False
Economics
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If the dollar depreciates, it can be said that
A. foreign countries no longer respect the United States. B. it falls in value within the United States. C. it takes fewer dollars to buy foreign currencies. D. other currencies appreciate.
Economics
What must a company have to raise financial capital by reinvesting in the business?
a. Profits b. An angel investor c. A bank loan d. Good business contacts
Economics
In the circular-flow diagram, which of the following is not a factor of production?
a. labor b. land c. capital d. money
Economics
What term is used to denote costs that rise and fall depending on the rate of production?
a. implicit costs b. variable costs c. average costs d. fixed costs
Economics